Equities

Aberdeen has reported £8.8bn in net outflows for the six months to 31 March 2014 despite redemptions slowing in the final month of the period.

Pfizer, the US pharmaceuticals giant which today raised its offer for UK rival AstraZeneca, has written to Prime Minister David Cameron in an attempt to appease fears over the impact of any takeover.

US giant Pfizer has made an improved offer to buy AstraZeneca, the UK's second largest pharmaceuticals company, raising its bid to £50 a share.

M&G Global Basics' new lead manager Randeep Somel has revealed some of the key holdings he has introduced since taking over from Graham French in November.

A trio of fund managers at Invesco Perpetual are exiting the firm to join Neil Woodford's new venture.

BlackRock is to launch an Asia Special Situations fund for Andrew Swan and Emily Dong, after bringing its first Asian equities fund to the UK market last summer.

Schroders' Andy Brough has sold his entire holding in Sports Direct, exiting one of his longest and highest-conviction holdings.

M&G's Tom Dobell has been upping his stake in the firm he described as formerly the "worst-run company" in the FTSE 100 in anticipation of a change of fortunes for the business.

Artemis is planning to launch a UCITS version of Tim Steer and Paul Casson's Pan European Hedge fund strategy later this year.

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